ÁKK sells HUF 50.5 bln of bonds at switch auction
The Government Debt Management Agency (ÁKK) sold primary securities dealers HUF 50.5 bln of bonds maturing in 2022 and 2023 for papers that run until 2016 at a switch auction on Wednesday, about half of the original offer, Hungarian news agency MTI reported today.
ÁKK sold HUF 6.5 bln of the 2022/A bonds, well under the HUF 50 bln original offer. Bids came to HUF 15.5 bln. ÁKK accepted 2016/D bonds as payment at a fixed yield of 2.48%. Average yield at the auction was 4.03%.
ÁKK sold HUF 44.0 bln of the 2023/A bonds, also short of the HUF 50 bln original offer. Bids reached HUF 51.3 bln. ÁKK accepted 2016/C bonds as payment at a fixed yield of 2.13%. Average auction yield was 4.21%.
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